INSOLVENCY: THE ITALIAN LEGISLATOR SWINGS TO AND FRO

marketude Cristina Fussi, Insolvency and Restructuring, Publications

A common experience of most European insolvency law systems is the legislators‘ constant swinging backwards and forwards in their attempts to find a balance between the interests of the creditors (which inspired the legislator when insolvency laws were enacted for the first time in1942 in Italy) with those of the debtor and its owners, as well as the need to protect jobs and rescue viable businesses for the benefit of the economy as a whole….

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